9800 CE sell would have generated almost 100% profit. Down from 3.3 to 1.5 can hold till expiry to enjoy full profit.
If we consider OI of NIFTY Option of JULY Series (as Jun Series Expires shortly),
Scenario is: for CALL Option Addition / REDUCTION
NIFTY 9900 CE has seen the Max OI Addition of 342450 (Total OI: 1499925). Followed by
NIFTY 9600 CE has seen the Max OI Addition of 288675 (Total OI: 1226925). Followed by
NIFTY 9800 CE has seen the Max OI Addition of 162900 (Total OI: 1816200)
& NIFTY 10100 CE has seen Max OI REDUCTION of -9300 (Total OI: 565050)
& For PUT Option Addition / REDUCTION:
NIFTY 9400 PE has seen the Max OI Addition of 727200 (Total OI: 3044700). Followed by
NIFTY 9300 PE has seen the Max OI Addition of 231150 (Total OI: 1748925). Followed by
NIFTY 9500 PE has seen the Max OI Addition of 106350 (Total OI: 1308825).
Till NOW not witnessing much more Downside.
Significantly NIFTY 9700 PE HAS SEEN Max OI REDUCTION of -88,350 (Total OI: 567825).
Thought about JULY Series NIFTY 9700PE. It is ITM in nature. Who Covered & why?
'Thought about JULY Series NIFTY 9700PE. It is ITM in nature. Who Covered & why?'
Interesting question .
You can guide us.
Tomorrow Indian Market Closed, whereas Rest of Global Market OPEN, so this is not the Right time to predict NIFTY Sentiment for Tuesday (27/06/2017).
Controversial signal in various Time Frame as well as various Indicators. Needs some Sentimental Attitude of Movement from Global Indices for Confirmation. Though Till Now I am in BULL Side.
Better part of the rally is just due to domestic inflow and sentiment, now muted quarters due to gst in some sectors, will bring down results temporarily, also not to mention the stretched valuations. Stay alert.